New round of spill finger-pointing begins

British Petroleum released yesterday a report related to the oil spill. It follows BP’s internal investigation into the how and why behind the disaster.

BP took some of the blame, but not all of it. Transocean, which owned the rig that exploded and sank, is furious because BP said it was partly responsible for the mess. Several other companies, including Halliburton, aren’t very happy either, for similar reasons. You can read the report here, but you better block off the rest of the day, because it’s almost 200 pages long.

The litigation related to the spill is just getting started, and will most likely last well into the next decade. So it’s not surprising that the companies who had a part in the construction and operation of the Deepwater Horizon rig and the Macondo Well are pointing fingers. It’s financial preservation.